Monday, 11 November 2013

New Homes Bonus or No Homes Bonus?

When we first heard Whitehall’s aspirations for the New Homes Bonus (NHB) in 2010 CCN supported its initial promises around new homes and local growth. But under new proposals local government could lose money for every new home built. We can’t let the New Homes Bonus become a No Homes Bonus! Initially, the scheme came with a six year guarantee to provide investment in local services following the building of new homes. We need this resource to support the creation of the jobs and growth new communities need while maintaining local services. We therefore were shocked when Whitehall announced that a significant proportion of NHB allocation would actually be pooled into the Single Local Growth Funds, money that councils cannot access independently. One option even intends to entirely remove the allocation for county councils. Read more on the Conservative Home website.

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